Licking County Real Estate and Livability Trends
Licking County, Ohio has seen a notable increase in average taxable incomes from $53,401.48 in 2013 to $73,898.57 in 2021, suggesting potential economic growth. Concurrently, property values have surged, with median home values rising from $152,200 in 2015 to $232,200 in 2022, outpacing state and national growth. Property taxes have also climbed from $3,276.46 in 2012 to around $5,666.44 in 2021,... Read more
Licking County Market Trends
Licking County, Ohio, has seen an impressive rise in median home values, jumping from $152,200 in 2015 to $232,200 in 2022, outpacing both state and national growth. This suggests the area is becoming more attractive for home buyers, presenting potential real estate investment opportunities. Energy tax credits per tax return have fluctuated significantly, hitting a peak of $3,664.29 in 2018,... Read more
Median Value of Occupied Housing Units in Licking County, Ohio Over the Last 8 Years
Licking County, Ohio has experienced a substantial rise in median home values over the last eight years, hitting $232,200 in 2022 from $152,200 in 2015. This local increase outpaces both state and national trends, as Ohio saw values grow from $129,900 in 2015 to $183,300 in 2022, and the national median rose from $125,500 to $179,400 in the same period. This could suggest that Licking County is becoming a more attractive or economically vibrant area for home buyers compared to the broader state and national landscape, raising potential opportunities for real estate investment and development.
Residential Energy Tax Credit Per Tax Return in Licking County, OH Over the Last 9 Years
Licking County, Ohio has seen fluctuating trends in residential energy tax credits per tax return over the past nine years. After modest increases from around $345.19 in 2013 to $518.31 in 2017, a significant spike occurred in 2018, reaching $3,664.29. This peak was followed by a decline to $983.96 in 2019 but then saw another rise to $1,230.88 by 2021. These variations might indicate evolving incentives or adoption rates for energy efficiency improvements, potentially affecting property investments and valuations.
Average Real Estate Taxes Per Tax Return in Licking County, OH Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Licking County, Ohio, have steadily increased, starting from $3,276.46 in 2012 to approximately $5,666.44 in 2021. Notably, there was a significant jump between 2017 and 2018, with a substantial increase from $3,961.59 to $5,138.69. For prospective investors, real estate agents, and new residents, this upward trend in property taxes could suggest a growing valuation of the local real estate market, reflecting possibly improved infrastructure and amenities. However, for those managing budgets closely, this could also point to increased costs of home ownership in the area.
Percentage of Farm Returns in Licking County, OH Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Licking County, Ohio has exhibited a gradual decrease. Starting from roughly 1.71% in 2012, it dropped to about 1.51% by 2021. Farm tax returns indicate how much agricultural activity generates taxable income, reflecting the vitality of the farming sector. This trend might suggest that farming is becoming less prominent in the county's economy, which could be a crucial factor for investors or new residents considering the agricultural prospects in the area. Additionally, this shift may influence property developers regarding land use and potential zones for residential or commercial purposes.
Number of Mortgages by Occupancy Type in Licking County, OH Over the Last 5 Years in Licking County
Over the last five years, the number of mortgages for principal residences in Licking County, Ohio has seen fluctuations, with the highest count in 2020 at 16,346 and a notable drop to 10,160 in 2022. Investment property mortgages have remained relatively stable but lower in comparison, highlighting a possible preference for primary homes. Second residences consistently lag behind in volume. These trends could indicate a stronger demand for homes intended as primary living spaces, which matters for investors looking for stable rental income, real estate agents aiming to cater to the largest market segment, and insurance agents assessing risk and coverage needs. Understanding occupancy trends helps appraisers and builders plan inventory that aligns with current market dynamics.
Economic Outlook
In Licking County, Ohio, average taxable incomes surged from $53,401.48 in 2013 to $73,898.57 in 2021, potentially signaling robust economic growth. As a result, average state and local income taxes per tax return also rose significantly from $5,915.09 in 2012 to $11,718.42 in 2021. Meanwhile, the average total tax liability per tax return grew from $7,603.66 in 2012 to $11,247.46 by 2021. Despite these positive economic indicators, poverty rates in Licking County have fluctuated, peaking at... Read more
Average Taxable Income per Tax Return in Licking County, OH over the last 9 years
Licking County, Ohio has witnessed a notable upward trajectory in average taxable incomes over the past nine years, increasing from approximately $53,401.48 in 2013 to around $73,898.57 in 2021. This persistent rise in incomes may signal robust economic growth and improved earning potential, which could be beneficial for potential investors, appraisers, and real estate agents assessing the area’s market. Such growth also suggests a potentially stable environment for those considering moving to or developing properties in the county. Be mindful, though, that various factors may continue to influence these trends.
Average State and Local Income Taxes Per Tax Return in Licking County, OH Over the Last 10 Years
Over the past decade, Licking County, Ohio has seen a notable rise in average state and local income taxes per tax return, increasing from approximately $5,915.09 in 2012 to around $11,718.42 by 2021. This upward trend could be significant for potential investors, real estate agents, and property developers considering the county's evolving fiscal landscape. For insurance agents and appraisals, understanding this change may inform risk assessments and property valuations. Residents and those planning to move to Licking County should consider how these tax trends might affect their financial planning and cost of living.
Average Total Tax Liability Per Tax Return in Licking County, OH Over the Last 10 Years
Over the past decade, Licking County, Ohio has seen a notable upward trend in the average total tax liability per tax return, growing from $7,603.66 in 2012 to $11,247.46 in 2021. This increase could potentially reflect economic growth or higher incomes in the area, relevant for investors and real estate agents aiming to understand local financial dynamics. For those looking to move or insurers pricing policies, it's worth considering how rising tax liabilities might impact cost of living calculations and financial planning. Builders and property developers could find this data indicative of a stronger economic base and increasing demand for higher-valued properties.
Cost of Living in Licking County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,212 | $1,416 | $1,752 | $1,413 | $1,134 |
| 1 adult 4 children | $1,212 | $1,156 | $1,347 | $1,413 | $1,223 |
| 2 adults 3 children | $1,212 | $1,156 | $1,517 | $1,413 | $911 |
| 1 adult 3 children | $1,212 | $944 | $1,112 | $1,413 | $993 |
| 2 adults 2 children | $989 | $947 | $1,281 | $1,256 | $803 |
| 1 adult 2 children | $989 | $707 | $876 | $1,256 | $778 |
| 2 adults 1 child | $989 | $748 | $1,045 | $743 | $755 |
| 1 adult 1 child | $989 | $483 | $640 | $743 | $649 |
| 2 adults | $800 | $601 | $810 | $0 | $601 |
| 1 adult | $716 | $328 | $405 | $0 | $490 |
Safety trends & Data
Licking County, Ohio, has observed varied trends in property crime over the past five years, with larceny-theft declining from 211 incidents in 2018 to 113 in 2022. Fraud and motor vehicle thefts remained steady, while forgery and counterfeiting saw notable declines. However, arson incidents increased from 2 to 6 in 2022, suggesting a potential new concern. These shifting crime patterns could be vital for investors, real estate agents, and residents assessing the area's safety for property... Read more
Property Crime Trends in Licking County, OH Over the Last 5 Years
Licking County, Ohio has seen notable fluctuations in property crime over the past five years, with the most persistent issues being larceny-theft and burglary, albeit with a general downward trend in larceny-theft from 211 incidents in 2018 to 113 in 2022. Fraud and motor vehicle thefts have remained relatively steady, while forgery and counterfeiting showed a significant decline in recent years. Interestingly, arson saw a rise from a consistent 2 incidents yearly to 6 in 2022, perhaps indicating an emerging concern. These insights could hint at shifting crime patterns, which might be crucial for investors, real estate agents, and residents considering the area's safety dynamics for property-related decisions.
Demographics
Licking County, Ohio displays a balanced gender distribution with a slight majority of females. The educational attainment reveals a substantial portion, around 40,000, have a high school diploma, while about 24,104 residents hold a bachelor's degree. Age-wise, the 35-64 year demographic could be slightly larger, indicating a mature workforce. Race distribution shows an overwhelming majority identify as White, with limited representation from Black or African American and Asian communities.... Read more
Race Distribution in Licking County, Ohio (2022)
Educational Attainment in Licking County, Ohio (2022)
Age Distribution in Licking County, Ohio
Citizen Population in Licking County, Ohio (2022)
Political Trends & Data
Licking County, Ohio leans significantly towards the Republican party, with roughly 63% of the 2020 U.S. Presidential Election votes. Democrats make up about 35%, indicating a minority presence. Minor parties like the Libertarian group barely tip the scale at just over 1%. This trend could suggest a predominantly conservative voter base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Licking County, Ohio shows a noticeable lean towards the Republican party with approximately 63% of the votes in the 2020 U.S. Presidential Election. Democrats may have a solid base, securing around 35%, but likely remain the minority. Smaller parties such as the Libertarian and other minor groups seem to have a minimal impact, gathering slightly over 1% combined. These figures might indicate a predominantly conservative voter base within the county.
63.17% of voters voted for the Republican party in the 2020 Presidential Election
35.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Licking County, Ohio has seen its student-to-teacher ratio fluctuate over the past nine years, peaking at 21 in 2021 and decreasing to 19.55 in 2023. This ratio, still above the national average of 14, suggests larger class sizes and possibly less individual attention for students, a factor that could influence families considering moving to the area. Real estate agents and developers may find this data useful in understanding the local market’s appeal to potential buyers who prioritize... Read more
Student-to-teacher ratio in Licking County, Ohio over the last 9 years
Licking County, Ohio has seen a fluctuating student-to-teacher ratio over the past nine years, peaking at 21 in 2021 and generally remaining above the national average of 14. While the ratio has slightly decreased to 19.55 in 2023, it still signifies a higher number of students per teacher compared to many other areas. This trend could impact both the quality of education and individual attention that students receive, which could be crucial for families deciding to move to the area. Additionally, for real estate agents and developers, understanding these dynamics might help in gauging the attractiveness of the location for potential home buyers focused on educational outcomes.
